The Flip officially up for vote: 88% LP fees, CAKE emissions cut

PancakeSwap opened the official governance vote on The Flip, confirmed via head chef ChefMarcus PCS. The final proposal lets liquidity providers keep 88% of swap fees on v3 and Infinity pools — up from 66–68% on most — across all 11 supported chains, with the remaining 12% going to protocol fees. The fee change rolls out in phases starting in November, in an order designed to protect CAKE. The exchange has drawn attention to the vote publicly, framing the plan as 'LPs go where they keep more,' with CZ voicing support.

• Proposal cuts CAKE emissions from 22,500 to 7,000 per day (a ~69% reduction), redirecting emissions to a new ecosystem growth fund called the Pantry
• v2 pools stay unchanged and keep burning CAKE
• Vote on the open governance proposal runs across all supported chains